BlackRock Wants a Blockchain Strategy for Its ‘Aladdin’ Investments Engine

in blockrock •  4 years ago 

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A job posting reveals enterprise blockchain ambitions at the world’s largest asset manager. Public and private chains are up for evaluation, a source said.

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BlackRock, the world’s largest asset manager, is seeking to develop a blockchain strategy for its flagship portfolio management system, Aladdin, according to a job posting.

The director-level hire will “evaluate different blockchain protocols/platforms to explore solution alternatives.” Public and private chains are on the table, a source familiar with the posting said.

Aladdin (short for “Asset, Liability, Debt and Derivative Investment Network”) is the $9 trillion manager’s tech suite for measuring risk and making trades – basically an operating system (OS) for asset managers. According to the job post, Aladdin’s new director will investigate how blockchain could fit into the OS.
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